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FedEx's stock rises after upgrade at Credit Suisse

NEW YORK (MarketWatch) — FedEx Corp.'s stock rose 1% in premarket trade Friday, after Credit Suisse raised its rating and price target, citing the improving prospects of the package-delivery service's ground business. Analyst Allison Landry upgraded FedEx to outperform from neutral, and bumped up her stock price target to $203 from $177. That implies a 16% rise from Thursday's closing price of …

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